UCB, BYD Bangladesh partner to ease vehicle financing
United Commercial Bank PLC (UCB) and BYD Bangladesh have signed a memorandum of understanding (MoU) to offer special financing benefits to customers purchasing BYD vehicles.
According to a media release, BYD Bangladesh signed the MoU at its corporate head office.
Representing UCB at the ceremony were Deputy Managing Director and Head of Retail Business Division Mohammad Shafiqur Rahman; Senior Executive Vice President and Head of CRMD (Retail and SME) SM Moinul Hossain; Executive Vice President and Head of Dhaka Metro Region Masudur Rahman Sonnamot; and Executive Vice President and Head of Product Ahmed Masudul Goni.
BYD Bangladesh Managing Director Amid Sakif Khan, Chief Financial Officer Ferdows Ur Rahman, FCA, Head of Business Development Methun Bhattacharjee and Head of Sales Fahmid Ferdous (Pulak) attended the ceremony.
Under the partnership, customers purchasing BYD vehicles from BYD Bangladesh will have access to UCB Auto Loans at competitive interest rates and special financing benefits.
UCB Auto Loan customers will also receive special offers and preferential facilities on selected BYD vehicles, along with faster loan processing and disbursement.
The partnership will also give customers opportunities to apply for UCB credit cards and access other retail banking products and services.
BYD Bangladesh currently has eight branches in Dhaka, Chattogram and Bogura, with four more expected to open soon. This will expand its presence and make its services more accessible to customers nationwide.
The organisations said the partnership would strengthen cooperation between the banking and automobile sectors and make vehicle financing faster and more convenient.
UCB and BYD Bangladesh reaffirmed their commitment to providing customers with greater convenience, additional benefits and innovative financial solutions through the partnership.
